ALLIANT RELEASES EARNINGS

Alliant Energy has announced first-quarter earnings that aligned closely with analyst expectations. The company reported a GAAP earnings per share (EPS) of $0.62, consistent with the estimated earnings per share of $0.62. This performance reflects a slight decrease from the previous year's EPS of $0.65. Alliant Energy, the parent company of Interstate Power and Light and Wisconsin Power and Light, serves nearly 1 million electric customers and 425,000 natural gas customers, while also holding a 16 percent interest in American Transmission Company.

WEC ENERGY GROUP DECLARES QUARTERLY DIVIDEND

The Board of Directors of WEC Energy Group has declared a quarterly cash dividend of 83.50 cents per share on the company's common stock.

The dividend is payable June 1, 2024, to stockholders of record on May 14, 2024. This marks the 327th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

WEC ENERGY GROUP REPORTS FIRST-QUARTER RESULTS

WEC Energy Group has reported net income of $622.3 million, or $1.97 per share, for the first quarter of 2024 — up from $507.5 million, or $1.61 per share, in last year's first quarter. Consolidated revenues totaled $2.7 billion, down $207.9 million from the first quarter a year ago.

"Throughout the warmest winter in Wisconsin history, we remained laser focused on financial discipline, operating efficiency, and customer satisfaction," according to Gale Klappa, Executive Chairman. "And we're confident that we can deliver another year of strong results — in line with our guidance for 2024."

For the quarter, natural gas deliveries in Wisconsin — excluding natural gas used for power generation — fell by 5.8 percent compared to the first quarter of 2023. Retail deliveries of electricity — excluding the iron ore mine in Michigan's Upper Peninsula — were down by 0.3 percent in the first quarter of 2024, compared to the first quarter last year. Electricity consumption by small commercial and industrial customers rose by 0.7 percent. Electricity use by large commercial and industrial customers — excluding the iron ore mine — declined by 0.7 percent. 

XCEL ENERGY FIRST QUARTER 2024 EARNINGS REPORT

Xcel Energy has reported 2024 first quarter GAAP and ongoing earnings of $488 million, or $0.88 per share, compared with $418 million, or $0.76 per share in the same period in 2023. First quarter GAAP and ongoing diluted earnings per share were $0.88 in 2024 compared with $0.76 in 2023.

Xcel Energy reaffirms 2024 EPS guidance of $3.50 to $3.60 per share First quarter ongoing earnings results reflect increased recovery of infrastructure investments and lower O&M expenses, partially offset by increased interest charges and depreciation.